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- Lulu Group had six retail outlets in Malaysia, according to a press release in October 2022, when it opened a store in Johor Bahru.
KUALA LUMPUR (June 11): Lulu Group is shutting down its hypermarkets in Malaysia, while keeping its wholesale division in the country.
A spokesperson from the Lulu Group’s Malaysian operations confirmed the move to The Edge. “Our retail division [has] closed, [but the] wholesale division will remain,” the spokesperson said.
Lulu Group, based in the United Arab Emirates, had been making various rounds of promotions and clearance sales at its outlets earlier this year, culminating in a closure notice posted on the doors of its first ever outlet at CapSquare in Kuala Lumpur about the cessation of operations effective June 9.
The official website of Lulu Hypermarket was inaccessible at the time of writing.
Lulu Group had six retail outlets in Malaysia, according to a press release in October 2022, when it opened a store in Johor Bahru.
The company’s retail operations entered the Malaysian market back in 2016, and Lulu Group pledged to invest RM1.3 billion to open 10 outlets in Malaysia within five years.
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